OGX Group Bhd made its stock market debut on the ACE Market of Bursa Malaysia, noting at RM0.33 as of 10.08 am, down 5.71% from its IPO price of RM0.35.
The stock saw a total volume of 60.66 million shares traded, with the day’s session opening at RM0.28, touching a high of RM0.34 and a low of RM0.28.
The technology company had previously inked an underwriting deal with UOB Kay Hian (M) Sdn Bhd, offering 150 million new shares, representing 20% of its enlarged share capital, with tranches allocated to the Malaysian public, eligible personnel, institutional and selected investors, and approved Bumiputera investors. An additional 75 million existing shares were offered for sale to identified Bumiputera investors.
OGX Executive Director/Managing Director Tan Suan Loong said, “The listing marks a significant new chapter in OGX’s 19-year journey. As an IT infrastructure solutions specialist, we deliver IT infrastructure solutions that empower enterprises across Malaysia to operate with confidence and resilience in an increasingly competitive digital environment. With our listing, we are well-positioned to accelerate our next phase of growth, backed by stronger governance, enhanced capabilities and a clear strategic roadmap to deepen our service offerings and broaden our market footprint.
Ahead of the listing, Public Investment Bank had assigned OGX a fair value of RM0.41 per share, highlighting the company’s strong positioning in Malaysia’s digital transformation and rising demand for cybersecurity solutions.
The research house noted OGX’s integrated IT infrastructure solutions, multi-brand distributorship, and growth drivers such as entry into managed cybersecurity services, expansion of facilities, and strategic partnerships.
OGX’s half-year financial results ending November 30, 2025, showed a profit before tax of RM19.1 million and a profit after tax of RM13.1 million on revenue of RM147.6 million.
The provision of IT infrastructure solutions remained the primary revenue driver, contributing over 75% of total revenue, while distribution of IT infrastructure products and product warranties and support services made up the remainder.
